The number of Hoosier farmers who filed for bankruptcy increased significantly last year. The American Farm Bureau says Chapter 12 bankruptcy filings in Indiana increased 36 percent, while national numbers decreased slightly.
The Indiana Farm Bureau says the large surplus of soybeans and corn, paired with the impact of Chinese tariffs, is forcing farmers to tighten their budgets.
Bob White is the Director of National Government Relations for the Indiana Farm Bureau. He says 15 farms underwent Chapter 12 Bankruptcy last year, and worries more could be added in 2019.